Thread: Legal question
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Old 06-01-2006, 02:26 AM
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HomerMcvie HomerMcvie is offline
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Location: Nashville, Tennessee
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I have a few rentals, and aquiring the tenants-SIGNED to a lease-was part of the sale(it's easier to sell RENTED property than NON-rented). The previous owner has to turn over any deposits held, to the new owner, at closing. So, in effect, you're the new owner's tenant. I'm sure it's in the fine print in your lease, about the possible sale of the property.

At least in Indiana, this is how it works....
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